Index Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
iPath Bloomberg Lead Subindex Total Return ETN due Jun (GIF:LD)
Long-Term Downtrend (-90) - LD is in a strong downtrend that is likely to continue. While LD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid LD?
MarketClub looks at technical strength and momentum to determine if the timing is right for LD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LD
The long-term trend has been DOWN since Oct 1st, 2020 at 36.631
The intermediate-term trend has been DOWN since Sep 8th, 2020 at 39.837
The short-term trend has been DOWN since Oct 15th, 2020 at 36.674
Smart Scan Analysis for LD
Based on our trend formula, LD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).